(b)a unit trust mentioned in schedule 1, part 2, if the conditions in subsection (2) are satisfied for the trust.

(2)For subsection (1)(b), the conditions are—

(a)the trust is established and continues for the direct or indirect investment of funds of investors approved by the Treasurer; and

(b)the trust—

(i)is not established or managed for a particular investor mentioned in paragraph (a); or

(ii)if the trust is established or managed for a particular investor mentioned in paragraph (a)—has been approved by the Treasurer as eligible to be declared as a public unit trust; and

(c)the Queensland Investment Corporation, or a company wholly owned by the corporation, is the trustee for the trust.

(3)However, the Treasurer may approve a trust under subsection (2)(b)(ii) only if the Treasurer is satisfied the investor for whom the trust is established or managed has a sufficient connection with the State.

4AConcessions and exemptions for transfer duty—ELN transfers and ELN lodgements

(1)Each of the concessions for transfer duty mentioned in a provision of the Act stated in schedule 1A, part 1 is a concession for transfer duty for an ELN transfer or ELN lodgement.

(2)Each of the exemptions for transfer duty mentioned in a provision of an Act stated in schedule 1A, part 2 is an exemption for transfer duty for an ELN lodgement.

high capacity regular public transport aircraft, for schedule 2, item 2(a), means an aircraft employed in regular public transport operations under the Civil Aviation Regulations 1988 (Cwlth), whose certificate of type approval under those regulations permits the aircraft to have—

(a)a maximum seating capacity of more than 38 seats; or

(b)a capacity to carry a maximum payload of more than 4,200kg.

limit of liability declared means the maximum amount, mentioned in an insurance contract, payable to an insured person under the insurance contract.

(a)if the insured person has disclosed to the insurer that the vessel will operate from its port of registration for the insurance year—the port of registration for that insurance year; or

(b)if the insured person has disclosed to the insurer that the vessel will operate from more than 1 port during the insurance year—the port from which it will operate for most of that insurance year; or

(c)if the insured person has disclosed to the insurer that the vessel will operate from more than 1 port during the insurance year but no port can be identified as the port from which the vessel will operate for most of the insurance year—the vessel’s port of registration for that insurance year.